WILMINGTON, DE / ACCESSWIRE / March 29, 2023 / Transparency Market Research Inc. - Advancements in logistics and fleet management technologies are anticipated to thrust innovation in the landscape of the market. The flourishing online retail and e-commerce industries are propelling the demand for faster and more efficient delivery models.
As per the latest research report, the global last mile delivery transportation market will reach the final value i.e., US$ 477.27 over the end of the forecast period of 2021 to 2031.
Advancements and technological innovations in the field of robotics are creating worthwhile growth avenues for the expansion of the global last mile delivery transportation market. It is also anticipated that the adoption of new age semi- and fully- autonomous vehicles for delivery within the next few years will also play an important role in redefining the landscape of the delivery transportation sector.
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Companies in the global last mile delivery transportation market are engaged in pilot testing of new technologies to reduce operational costs and offer streamlined last mile delivery transportation services. Participants in the market are reviewing various technologically advanced solutions, including locker delivery, personal delivery, and automated delivery.
Last Mile Delivery Transportation Market - Key Findings of the Report
- Rising Emphasis on D2C Delivery Models: Players in the last mile delivery transportation market are exploring various business models and methods to reduce the transportation and operational costs. Innovations and developments in technologies are aiding them in adopting direct-to-consumer models that can offer creative ways to use their current resources for optimizing last mile delivery.
- Growth of eCommerce Sector: Advancements in technology and increasing penetration of internet services have favored development of the eCommerce sector. This, coupled with increasing consumer preference for online shopping owing to its convenience, is triggering high growth within the last mile delivery transportation market.
Last Mile Delivery Transportation Market - Key Drivers
- Increase in volume of trading activities, supplemented by increasing urbanization and industrialization, triggers increased demand within the market
- Rising use of internet services and mobile phones has facilitated increased adoption of online channels for purchasing of various types of consumer goods, favoring the development within global last mile delivery transportation market
- Economic expansion in developed and developing economies, and growth of middle-income population around the world, has caused an increase in consumption, resulting in rising demand in the market
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Last Mile Delivery Transportation Market - Key Players
Leading companies functional in the last mile delivery transportation market are DHL, R+L Carriers, KUEHNE + NAGEL, Procet Freight, Tiong Nam Logistics Holdings, Transtech Logistics, United Parcel Service, Inc., Vargo Carriers Ltd., DB Schenker, FedEx Corporation, J & J Global Limited, Nippon Express, Swift Transport, TNT Express, Tuma Transport, and Amazon.
In order to enhance their industry presence and reach, the key participants in the market are focusing on the adoption of partnership activities, and mergers and acquisitions. Furthermore, several leading players are also engaged in adoption, and development of novel and innovative technologies for optimizing their operations.
Last Mile Delivery Transportation Market - Regional Growth Dynamics
Asia Pacific dominated the global last mile delivery transportation market in 2020. Rising population in the region drives up the demand for various consumer goods. This, in turn, creates increased requirements for transportation of goods from manufacturer of supplier to end user. Furthermore, the presence of the largest e-commerce sector across the world and its higher growth rate, compared to other regions, also triggers high growth in the Asia Pacific market.
Key Points from TOC:
1. Preface
1.1. About TMR
1.2. Market Coverage / Taxonomy
1.3. Assumptions and Research Methodology
2. Executive Summary
2.1. Market Size, US$ Mn, 2017‒2031
2.2. Market and Key Segment Analysis
2.3. Key Facts & Figures
2.4. TMR Analysis and Recommendations
2.5. COVID-19 Impact Analysis
3. Market Overview
3.1. Market Definition / Scope / Limitations
3.2. Macro-Economic Factors
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Restraints
3.3.3. Opportunity
3.4. Market Factor Analysis
3.4.1. Porter's Five Force Analysis
3.4.2. PESTEL Analysis
3.4.3. SWOT Analysis
3.5. Value Chain Analysis
3.6. Key Trend Analysis - Technology and Industry Trends
3.6.1. IOT and 5G
3.6.2. Artificial Intelligence and Machine Learning
3.6.3. Cybersecurity and Data Privacy
3.7. Case Study Analysis
3.8. Regulatory Scenario
TOC Continued……
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Last Mile Delivery Transportation Market: Segmentation
Last Mile Delivery Transportation Market, by Vehicle Type
- Cargo Bike
- Two-Wheeler Vehicle
- Drones
- Robots
- AGVs
- Vans
- Light Duty Vehicles
- Medium & Heavy-Duty Vehicles
Last Mile Delivery Transportation Market, by Cargo Type
- Dry Goods
- Postal
- Liquid Goods
Last Mile Delivery Transportation Market, by End-use Industry
- Food Delivery Industry
- FMCG Products Delivery
- Health Products Delivery
- Postal Delivery
- Automotive Products Delivery
- Electronic Products Delivery
- Others
Last Mile Delivery Transportation Market, by Solution
- Real Time Tracking
- Automated Planning and Optimization
- Electronic Proof of Delivery
- Dynamic Re-routing
- Hardware Agnostic Platform
- Real Time ETA Calculation
- Interactive Planning Dashboard
- Delivery Route Planning Visualization
- Others
Last Mile Delivery Transportation Market, by Ownership
- In-house
- Third Party Logistics (3PL)
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